To be honest, who doesn’t like holidays? Who doesn’t like taking some time off of work or school to travel around the world?
When was the last time you travelled overseas for a break? When was the last time you took some time off to spend with your family, loved ones and friends?
Holiday loans are personal loans that people can take out to cover their holiday expenses. A holiday loan is available for various amounts. This means that you can get an amount that perfectly fits your holiday budget. It is also unsecured, which means that it does not require an asset as security. You have the option of taking out a personal loan as a way to pay for your next holiday, similar to what you can do when getting new furniture or purchasing a car. For Credit Thirty3’s holiday loan, the borrowers have the flexibility to use the funds for a local staycation or an overseas trip. We never restrict our customers.
Credit Thirty3’s Customizable Holiday Loan
Credit Thirty3 is a licensed moneylender that has been operating in Singapore for many years. We are definitely not loan sharks. Over time, we have gained the trust of numerous customers and expanded our team. Our values are to provide the best service and loan packages to our customers. We are aware of the many loan scams that happened recently, and we strive to be fully transparent with our customers. Credit Thirty3 follows the rules and regulations set by the Ministry of Law and constantly updates our databases and systems to provide the best service.
After researching market trends and needs, Credit Thirty3 has come up with our very own customizable Holiday Loan. With our package, you can get the funds you need to your holiday.
Here’s what our loan can do for you!
1. Borrow up to 6x of your monthly salary to take your dream holiday, anywhere in the world.
2. Customizable loan to suit your holiday needs.
3. Get money to pay for your flight tickets, hotel stays and extra funds for spending.
4. Lower interest rates as compared to other licensed moneylenders in Singapore.
5. Flexible loan terms.
6. Borrow up to $100,000 should your income qualify. This means that you can travel to multiple countries including Europe, Japan, Korea, the United States and Egypt.
7. Worry not if you have bad credit. We welcome everyone and are willing to listen to your story.
8. Fast approval, we promise.
How Much Can I Borrow From Licensed Moneylenders In Singapore?
Before entering a contract with a licensed moneylender, do ensure that you have the capability and the financial plan to repay your loan. You are legally obliged to fulfil any loan contract you enter with a licensed moneylender. Do remember to take note of your financial obligations and income before settling on a loan. Be mindful that if you are unable to make timely repayments, there may be extra fees and your credit score may be affected.
However, do not worry. Credit Thirty3 are not unlawful moneylenders who pressure customers into taking the biggest loan possible. In truth, we help our customers evaluate their financial status and recommend the best loan package for them. Our goal is to help our customers.
Following the rules and regulations set by the Ministry Of Law, here’s the amount one can borrow for unsecured loans. No collateral needed.
- For Singaporeans and Permanent Residents (PRs) with an annual income of less than $20,000, that can borrow up to $3,000. For those with an annual income of at least $20,000, Singaporean and Permanent Residents (PRs) can borrow up to 6 times of their monthly income.
- For foreigners residing in Singapore, if their annual income is less than $10,000, they can borrow up to $500. If their annual income is at least $10,000 but less than $20,000, they can borrow an unsecured loan of up to $3,000. If their annual income is at least $20,000, they can borrow 6 times of their monthly income.
Will My Licensed Moneylender Overcharge Me?
If this is your first time borrowing from a private lender, you might be worried. It is natural. It is normal to be more conscious. You might wonder if your lender will overcharge or add on additional charges to your loan. No one wants to be overcharged and pay more.
Not to worry for Singapore is very strict with their licensed moneylenders. There’s a limited number of moneylender licenses in Singapore and it is not easy to attain one. One needs to have a large about of paid-up capital and integrity before getting the license. In Singapore, with effect from 1 October 2015, licensed moneylenders are not allowed to charge a fee exceeding $60 for each month of late repayment. They are also not allowed to charge a fee exceeding 10% of the principal loan amount when the loan is granted.
Is It Really Necessary To Take A Holiday Loan?
With the high standard of living in Singapore and the ever-increasing inflation, money is tight. We all have countless bills to pay and not many of us have extra funds for a holiday.
Inflation refers to the price increase of a standardised basket of goods, such as food, education, housing, transport and more. One has probably heard of Singaporeans complain about how expensive things are in Singapore. A cup of Kopi in our coffee shops has increased from $0.70 to $1.00. With inflation and hectic working hours, most Singaporeans and foreigners residing here do no have time for a break. We are constantly working and are always on-the-go.
Can you recall the last time you went for a holiday? When was the last time you took a break without breaking the bank? When was the last time you spent quality with your family?
This is what a holiday loan is for. For those who have not travelled in years, this is a programme that can help you. For those who have only gone to nearby countries such as Malaysia and Indonesia to keep within your holiday budget, it is time to venture further into places such as the United States, Europe or Japan. While it is important not to overspend, it is also important to get enough rest and recharge. With a holiday loan, you can visit the places you’ve always wanted to with a peace of mind. Credit Thirty3’s loan packages come with manageable repayments that will not give you financial strain.
Costs Your Holiday Loan Can Cover
Holiday loans get specially designed as financial products that deal with holidays. They are useful for a wide range of things. Holidays are peak seasons for travel when people come together to spend quality time with each other. However, travelling can be expensive, especially if there are long distances involved with thousands of dollars’ worth of travel expenses for things such as gas and tickets.
Holiday loans are useful for covering different costs. Credit Thirty3 does not place limitations on how borrowers use the money. You can use the funds from a holiday loan for virtually anything.
1. Visa Applications
2. Travel Insurance
3. Flight Tickets (Economy class, First Class and more)
4. Car Rental, Hiring Of Driver
5. Accommodation (Hotels, Airbnbs, Hotels)
7. Sightseeing, Exhibition Tickets
8. Gifts and Souvenirs
Destinations To Consider For Your Next Holiday
Wondering where to travel to? Whether you are travelling for a quick getaway or an extended holiday, there are several places that you can consider visiting when you take a break during weekends or public holidays.
1. Kyoto, Japan
Japan is a popular destination among Singaporeans, which gets attributed to Japan’s reputation as a safe and friendly location. Kyoto is a great place to visit with its scenic bamboo grove, numerous opportunities for exploring iconic sites such as Arashiyama and Fushimi Inari Shrine. Along with sightseeing, you can indulge in a wide variety of authentic cuisine and delicious food.
2. Bali, Indonesia
Bali is ideal for a well-deserved break from the daily hustle and bustle of life. It offers incredible beaches, buildings, and scenery as well as deliciously affordable food. You can climb the mountain, sample the fragrant coffee, or visit the beach and mingle with dolphins.
3. Seoul, South Korea
Seoul is undoubtedly a shopper’s paradise with an abundance of items ranging from stylish clothes to face masks everywhere you go. Aside from great shopping deals and bargains, you can anticipate great food, saunas, fishing, diving, cycling, and more.
4. Bangkok, Thailand
A holiday destination that provides affordable shopping and tasty food sounds perfect, which are some of the things that make Bangkok well renounced. You can expect a full itinerary of things to see whenever you go to Thailand, including the famous night markets, the well-known Chatuchak, rooftop bars, and cafes. With everything being so cheap in Bangkok, you can expect to eat till you burst, shop till you drop!
5. Sydney, Australia
Sydney is a bustling city with pleasant temperatures and breathtaking waterfront views. There are several things to do when visiting Sydney and numerous reasons to take a trip to this beautiful haven for tourists. Typical attractions include Taronga Zoo, Bondi Beach, and Sydney Opera House. While at Australia, say hello to Koalas, Kangaroos and Quokkas!
6. Barcelona, Spain
Barcelona is a vibrant city that is well known for its nightlife, rich history and picturesque beaches. From relaxing at the beaches to taking a walk along the streets, there is no limit to the things you can do while in Barcelona. It is also a popular honeymoon destination with landscapes that serve as beautiful backdrops for pictures and videos.
All In All
Borrowing money for a holiday is a worthwhile consideration if you can afford to pay it back. A loan makes it possible for you to turn your dream holiday into a reality and create amazing memories along the way. With proper research and planning, a holiday loan is a funding option that is both functional and sustainable.